Form 4: Grindr CEO George Arison Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Grindr CEO George Arison disposed of 190,050 shares of common stock on October 14, 2024, to cover tax withholding obligations related to vested restricted stock units.
Summary
- On October 14, 2024, George Arison, the CEO of Grindr Inc., disposed of 190,050 shares of the company's common stock.
- The disposal was executed to satisfy tax withholding obligations related to the settlement of restricted stock units (RSUs) that vested on the same date.
- The shares were withheld by the issuer at a price of $13.08 per share.
- Following the transaction, Arison directly owns 2,757,616 shares of Grindr Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as the CEO, ensuring fair market practices.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/18/2022 | Date of grant for the restricted stock units (RSUs). |
| 10/14/2024 | Date of transaction: Disposal of shares to cover tax obligations and vesting date of RSUs. |
| 10/16/2024 | Date of signature on the Form 4 filing. |
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